America’s largest banks are building a new digital currency network to stop a massive deposit drain

CoinDesk1h agoUpdated 1h ago
America’s largest banks are building a new digital currency network to stop a massive deposit drain
Smart Read

America’s biggest banks are launching tokenized deposits to compete with stablecoins, opening a new front in the race to become the dominant form of cash on blockchain networks....

Coins in this story

Part of narrative
RWA

Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.

Explore narrative

Related stories

A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin
CoinDesk2h ago60-word brief

A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin

Sourcing initial capital from his mother to build a $1 billion crypto empire, DFG CEO James Wo says market metrics do not support Tom Lee’s $250,000 ether prediction....

Satoshi-era bitcoin at center of $285 billion lawsuit moves after 14 years
CoinDesk4h ago60-word brief

Satoshi-era bitcoin at center of $285 billion lawsuit moves after 14 years

The 1LwWt address received a legal notice from Salomon Brothers via Bitcoin's OP_RETURN field in July 2025 demanding the owner prove ownership by November 5, 2025....

Are retail traders selling their bitcoin to buy the SpaceX IPO?
CoinDesk8h ago60-word brief

Are retail traders selling their bitcoin to buy the SpaceX IPO?

Exchange flows and stablecoin movements through this week's sell-off show no wall of money leaving crypto for cash. Exchanges such as Robinhood and Coinbase will not publicly reporting their figures until July....

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.